> FWIW: Clark Howard, a finance guy I highly regard, predicts that the 4th quarter will see a softening of the economy.
Highly regarded finance guys aren't podcasters or media personalities. If the guy could predict the direction of the economy, he'd be a trillionaire living his best life. Not peddling silly books and hosting podcasts. But then again, jim cramer has a following. How do explain that other than the masses are naive.
> His reasoning is that the regional banks are being extremely tight with lending right now, and by the fourth quarter many small/medium businesses will have trouble staying afloat due to the lack of financing.
He is just parroting nonsense he saw on cnbc or read in a newspaper or on social media. Just like every grifter out there. Do you really think he has inside connections to all the regional banks? To the FED?